The music video was filmed in Seoul on October 15, 2016. On December 7, the name of the single was revealed alongside its promotional poster. The song was released on December 13 at midnight KST worldwide on iTunes, with the accompanying music video directed by Han Sa Min.
Composition and recording
"Last Dance" was written by Big Bang members G-Dragon, T.O.P and, Taeyang with the production being done by G-Dragon and Jeon Yong Jun, and the arrangement made by Seo Won Jin and 24. The song is a slow R&B and pop-rock ballad. The lyrics express Big Bang's memories of the past10 years and members' connection with their fans. G-Dragon talked about creating the song and "wanted the members to sing "Last Dance" as if they were talking, and really mean what they were singing. I wanted a lot of emotion in it".
Chart performance
Upon its release, "Last Dance" debuted at number two in four charts of China's QQ Music: the daily, popularity index, music video, and K-pop's music video charts, only behind the group's other single released on the same day, "Fxxk It". In three days, the song sold 335,813 copies and the music video surpassed 1.6 million views on QQ Music. In South Korea, "Last Dance" placed second on the Digital and Download charts also behind "Fxxk It", with 281,843 downloads sold in five days. The single peaked at number three on the Gaon Streaming Chart with over 5.3 million streams. In Billboards World Digital Songs, the song charted third with 4,000 sales in three days.
Tamar Herman of Billboard described the track as an "evocative pop-rock ballad that serves as an ode to the band's time together, with the members promising to return to the fans after their mandatory military service. Herman also highlighted that the "poignant rap from T.O.P at the song's climax" which was "accompanied by a sample of cheering fans" was a way of incorporating Big Bang's fans "into their farewell for the foreseeable future." Jeff Benjamin of Fuse complimented the "powerful, pop production and subject matter" that gave "Last Dance" an "emotional punch". Benjamin also felt that the single "reads like a love letter", demonstrating the close connection between Big Bang and their fans. In a review of the album, KKBOX wrote that the anxious menssage of the single felt "realistic", allowing the listeners to feel "fascinated" and "moved" while listening.
